Brokerages Set Bread Financial Holdings, Inc. (NYSE:BFH) PT at $39.17

Shares of Bread Financial Holdings, Inc. (NYSE:BFH) have been given a consensus rating of “Reduce” by the fourteen analysts that are presently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $39.17.

Several equities analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Bread Financial from $31.00 to $33.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Oppenheimer raised Bread Financial from a “market perform” rating to an “outperform” rating and set a $52.00 price target for the company in a research note on Friday, January 26th. Barclays reduced their target price on Bread Financial from $27.00 to $26.00 and set an “underweight” rating on the stock in a report on Tuesday, April 9th. Wolfe Research upgraded shares of Bread Financial from a “peer perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods raised shares of Bread Financial from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $38.00 to $67.00 in a research note on Thursday, May 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BFH. Allspring Global Investments Holdings LLC raised its position in shares of Bread Financial by 19.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,771 shares of the company’s stock worth $124,000 after purchasing an additional 603 shares during the period. Quadrature Capital Ltd raised its holdings in Bread Financial by 2.4% during the fourth quarter. Quadrature Capital Ltd now owns 25,993 shares of the company’s stock worth $856,000 after buying an additional 611 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Bread Financial by 3.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,506 shares of the company’s stock valued at $770,000 after buying an additional 660 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of Bread Financial by 7.4% during the first quarter. ProShare Advisors LLC now owns 10,011 shares of the company’s stock valued at $373,000 after buying an additional 688 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its position in shares of Bread Financial by 1.7% during the first quarter. Texas Permanent School Fund Corp now owns 43,174 shares of the company’s stock worth $1,608,000 after acquiring an additional 721 shares in the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.

Bread Financial Stock Performance

NYSE BFH opened at $40.26 on Friday. Bread Financial has a fifty-two week low of $25.41 and a fifty-two week high of $41.89. The stock has a market cap of $2.00 billion, a PE ratio of 5.07, a PEG ratio of 0.18 and a beta of 1.92. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.18 and a current ratio of 1.18. The firm’s fifty day moving average price is $36.95 and its two-hundred day moving average price is $33.61.

Bread Financial (NYSE:BFH) last posted its earnings results on Thursday, April 25th. The company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.92 by ($0.19). The firm had revenue of $991.00 million during the quarter, compared to the consensus estimate of $998.96 million. Bread Financial had a net margin of 8.08% and a return on equity of 14.44%. Bread Financial’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.08 earnings per share. On average, equities analysts expect that Bread Financial will post 5.72 EPS for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 10th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $0.84 annualized dividend and a dividend yield of 2.09%. Bread Financial’s dividend payout ratio is presently 10.58%.

About Bread Financial

Bread Financial Holdings, Inc provides tech-forward payment and lending solutions to customers and consumer-based industries in North America. It offers credit card and other loans financing services, including risk management solutions, account origination, and funding services for private label and co-brand credit card programs, as well as through Bread partnerships; and Comenity-branded general purpose cash-back credit.